APi Group Co. (NYSE:APG) Receives $44.00 Average Target Price from Analysts

APi Group Co. (NYSE:APG) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $44.00.

Several research analysts have issued reports on APG shares. Barclays lifted their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. Robert W. Baird decreased their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd.

Insider Activity

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the transaction, the director now owns 14,267,479 shares in the company, valued at $503,071,309.54. This trade represents a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Louis Lambert sold 5,679 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the transaction, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. The trade was a 70.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 249,461 shares of company stock worth $8,907,049. Company insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On APi Group

Large investors have recently made changes to their positions in the company. Cetera Advisors LLC boosted its stake in APi Group by 1.1% in the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock worth $1,070,000 after purchasing an additional 287 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in APi Group by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock worth $4,091,000 after acquiring an additional 323 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in APi Group by 4.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock valued at $278,000 after acquiring an additional 333 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after acquiring an additional 373 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of APi Group by 2.1% during the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after purchasing an additional 406 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Down 0.8 %

Shares of APG stock opened at $36.21 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a market cap of $9.95 billion, a PE ratio of -18.38 and a beta of 1.54. The business’s fifty day moving average is $34.00 and its 200-day moving average is $35.61. APi Group has a 1 year low of $28.86 and a 1 year high of $39.98.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the business earned $0.48 earnings per share. APi Group’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts expect that APi Group will post 1.86 earnings per share for the current fiscal year.

APi Group Company Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.